The City Sentinel

Ellyn Hefner works with allies for a STABLE future

Darla Shelden Story by on April 10, 2020 . Click on author name to view all articles by this author. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
From left, L to Ohio’s Deputy Treasurer for STABLE, Doug Jackson, with Ellyn Novak Hefner, Special Needs Planner, Oklahoma Treasurer Randy McDaniel, and Tim Allen, McDaniel’s Deputy. Photo provided.

From left, L to Ohio’s Deputy Treasurer for STABLE, Doug Jackson, with Ellyn Novak Hefner, Special Needs Planner, Oklahoma Treasurer Randy McDaniel, and Tim Allen, McDaniel’s Deputy. Photo provided.

 

Patrick B. McGuigan, Publisher

 

(Third in a series from The City Sentinel newspaper, in print and online.)

OKLAHOMA CITY, OK – In the midst of a pandemic which most Americans will survive but which is ravaging the nation with daily bad news, financial planner of Oklahoma City continues to work on special needs children and the families who care for them.

Many people do not realize the extent of tax and other benefits already in place for such families. Some costs for special schooling already deductible, including

lodging, meals, transportation, incidental educational costs provided by the institution, costs of supervision, care, treatment, and training.

Other possible benefits, The City Sentinel learned, include private tutoring by a specially trained teacher, therapeutic and behavioral services, special education for dyslexic children — provided the program enables children to deal with disability caused by medical condition.

Additional help can include assistance with Medical Conferences and Seminars, both transportation and the conference itself. Medical Travel and Transportation can qualify for deductions in 2020’s tax returns (.17 per mile – and20 cents per mile for 2019). Lodging costs (but not meals) can be deducted up to $50 per day are deductible for the attendee and one additional person if an overnight stay is necessary

For those ineligible for medical expense decutions, Hefner can explain access ot teh FSA (Flexible Spending Accont) Health Care plan.  The maximum re-tax contribution is $2,750 for 2020 ($2,700 for 2019).

For those wanting to nurture a child in need, there are also credits for Special Needs Adoption Expenses, as much as $14,300 for a child with special needs in 2020 ($14,080 for 2019). For a “special needs” adoption, the credit is claimed the year an adoption is finalized.

Prospects for additional advances in the Oklahoma state Legislature during this troubled year now seem daunting. However, existing law outlined in our February news story (i.e. the OK-STABLE provisions) could emerge over time as a path forward.

The program is based on an effective model from Ohio, Achieving a Better Life Experience (ABLE). A knowledgeable state policy “insider” told The City Sentinel in a recent exchange: “I have serious doubts the Legislature will pass anything other than a budget this session. In all likelihood, we’re looking at trying again next session in a best case scenario.:

Detailed information on the proposed tax deduction legislation is available through this link to information from the Oklahoma state Treasurer’s office. In brief, contributions to an Oklahoma STABLE account (a fine existing program that can be improved) would be deductible from Oklahoma taxable income up to $10,000 per year for single filers and up to $20,000 per year for those filing jointly. The Oklahoma Tax Commission estimates the annual fiscal impact would be $121,000 per year.)

Concerning proposed improvements to the STABLE program Oklahoma Treasurer Randy McDaniel reflects: “I strongly support legislation to improve the Oklahoma STABLE Program, which is specifically designed to help people with disabilities. Providing a state income tax deduction will encourage family and friends to contribute and save for their future needs.”

A loving mother with three children of her own, including a son needing, special care, Hefner continues to seek a more secure and stable future for people who love and care for children, hoping to leave them in a better place than before the present.

A summary of Hefner’s daily labor, provided to this writer upon request, follows:

“Special Care Planning is a process. Working as a Special Care Planner, Ellyn Novak Hefner’s process is to encourage communication with the family’s network; providing information, education and resources, and offering holistic solutions unique to each individual’s situation. This includes outreach to families and professionals to understand ABLE, Achieving a Better Life Experience. Oklahoma’s ABLE account is OKSTABLE. As a Special Care Planner, she works with estate planners who create Special Needs Trusts as part of the process.”

Call Ellyn Hefner 405-640-9408 about Special Care Plans, or send Ellyn an email at EHefner@FinancialGuide.com.

NOTE: Patrick B. McGuigan is a state-certified teacher in ten subject areas, and a member of the Oklahoma Journalism Hall of Fame.

Ellyn Novak Hefner is a special care planner for Mass Mutual – and a leading advocate for increased awareness of and access to the Oklahoma STABLE program developing empowerment for individuals with disabilities. Provided Photo.

Ellyn Novak Hefner is a special care planner for Mass Mutual – and a leading advocate for increased awareness of and access to the Oklahoma STABLE program developing empowerment for individuals with disabilities. Provided Photo.

 

 

 

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